Piper Jaffray analyst Gene Munster has become something of a joke in the broader analyst community. Arguably the most vocal proponent of a fully-fledged Apple television set, he’s been predicting the imminent arrival of a 50+ inch TV with the shiny Apple logo on it for years now.

He wasn’t alone in his predictions. Most recently, noted activist investor Carl Icahn put much faith in the mythical Apple Ultra HD TV set in a yet another letter to Tim Cook yesterday.

But as a new report by The Wall Street Journal alleged that Apple has indeed axed the project after researching it for nearly a decade, Munster was quick to admit that he’s been wrong all along.

Despite Samsung’s attempt to label the iPhone as past its prime, Apple remains the top pick among US teenagers. More than half of American teens own an iPhone with nearly three quarter of young people choosing an iPad when it comes to tablets.

When it comes to purchasing decisions, popularity of cheaper Android devices have barely moved the needle, if at all. The figures from Piper Jaffray’s Gene Munster bode well for Apple and its continued growth among the key consumer demographic now driving technology purchases…

The upcoming iPhone 5S revision, likely slated for an announcement at Apple’s upcoming September 10 media event, is widely expected to include the fingerprint scanning feature based on Apple’s 2012 acquisition of smart sensor experts AuthenTec.

Now, there’s been a lot of uncertainty as to what software features the smart sensor might support.

According to a research note issued late yesterday to clients, an analyst predicted the feature would be initially used to authenticate users in place of the iOS slide-to-unlock feature because rumored secure payments which are dependent on the smart sensor won’t be ready in time for the iPhone 5S introduction…

A story published this past weekend by a website called SemiAccurate has renewed speculation of Apple’s supposed interest in producing the engine for iDevices at a plant of its own, as opposed to simply designing silicon blueprints in-house and commissioning others to build the chips, as has been the case since 2010.

So if Apple really bought into a fab, as the exclusive story alleges, the non-trivial move would span years to complete while costing billions of dollars.

Love it or hate it, Apple’s newly-unveiled iOS 7 will breathe new life into the aging iPhone, argued one analyst late Monday. Unlike hardware changes which have a short lifetime in terms of public curiosity, phone software updates are mesmerizing.

In a note to investors, Piper Jaffray’s Gene Munster writes that the changes within iOS 7 will spark renewed interest in the iPhone, which some felt was being overshadowed by its Android rivals, such as the Samsung Galaxy S4…

Although it sometimes seems like every teen has an iPhone, we are not quite there, according to new research. Some 48 percent of teens say they own the Apple smartphone with 62 percent expecting to buy an iPhone as their next handset.

The 48 percent of teen-owned iPhones is up from 40 percent registered during fall 2012, according to Piper Jaffray’s 25th bi-annual teen survey. Meanwhile, just over 20 percent of teens surveyed said they either own or plan to purchase a smartphone powered by Google’s Android mobile operating software…

We’ve chided Piper Jaffray’s well-known resident Apple analyst Gene Munster for his repeated predictions of a standalone Apple television set being just around the corner. However, this time we’re giving Munster credit for trying to deflate the hype balloon which has taken Apple stock and consumers for a ride fueled by unreal expectations. The analyst is just the latest Wall Street figure hoping to inject reality into a belief that the Cupertino, Calif. iPhone maker was immune to the vagaries of mortal businesses – such as down periods.

In a note to his clients, Munster walked a fine line, laying out some uncomfortable numbers for a company that hasn’t reported negative figures in a decade. Along the way, he also tested the waters of delayed gratification during a time investors appear more like strung-out addicts accustom to quarter after quarter of mind-blowing revenue from Apple…

After meeting with Apple CFO Peter Oppenheimer recently, Morgan Stanley analyst Katy Huberty issued a report proclaiming so-called budget iPhone a no-brainer. Huberty joins what is now a growing list of analysts calling for such a device so Apple could better target emerging markets where cash-strapped folks mostly buy unlocked sub-$200 handsets – unlike the United States where carriers subsidize smartphones handsomely.

Thanks to these generous subsidies, US consumers don’t pay full price for the hardware – provided they agree to a long-term service agreement, of course. Now, with the penetration level for the iPhone approaching a limit in the high-end segment, the untapped low-end represents an estimated $135 billion opportunity.

Even with Apple’s margins peaking, an iPhone mini – as the media dubbed it – should triple Apple’s addressable market in China and add nearly $2.4 billion to its handset business…